Smiling Faces Limited

Smiling Faces Ltd, based in Stourbridge, UK, is a small holding company with an active status, established 23 years ago. The company employs just three people and holds £205,340 in assets. It operates from a virtual address, registered to 486 other companies, and is overseen by three directors and one owner. While a regular importer, it hasn't imported anything in nine months, and its export activity is irregular, focusing on furniture, lighting, and prefabricated buildings over the past two months.

The company’s website, Smiling Faces Trade, suggests a retail operation selling gift sets, mugs, candles, and collections, with a temporary warehouse closure impacting order dispatch until January 3rd. The site also highlights a focus on Scottish, Welsh, cat, and dog-themed items. A clear “About Us” section details the company’s commitment to customer service and competitive pricing.

Financially, Smiling Faces Ltd presents a mixed picture. Current assets remain stable at £210,000, but net assets have decreased by 2.3% to -£57,000. Bank borrowings have fallen by 19%, and cash reserves have increased dramatically by 2400% to £12,000. Creditors have also decreased by 16%, which is a positive sign. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the negative equity is a concern. The financial statements are unaudited, a common practice for small companies.

Overall, Smiling Faces Ltd seems to be navigating a challenging period. While its online presence and product range appear well-maintained, the financial data suggests the company is burning through cash. Whether the business can recover and return to profitability remains to be seen.

Registered in England/Wales under the registration number 04224950, with a registered address at DY8 1LU, United Kingdom, Stourbridge, West Midlands, 15-17 Church Street.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.